Tag Archives: USD/JPY
Daily FX Wrap and Strategy
Despite a little US payrolls-inspired volatility, the NZD/USDended the week little changed from Friday morning, at0.8500.
Weekly Economic & Financial Commentary
U.S. Review No Spring Swoon Going into June • Payrolls added 217,000 workers in May, recouping all of the jobs lost during the recession, while the unemployment rate remained at 6.3 percent.
Daily FX Update
Leading into nonfarm payrolls the market’s attention is firmly on EUR and its resilience to downside pressure. The U.S. 10‐year is trading at 2.57; while equities are vaguely firmer and the USD is mixed.
FX Daily Majors
Today’s highlights: EURUSD ideally stays capped below price resistance at 1.3689/90.
Daily Technical Report
EUR/USD made an intraday bullish reversal onThursday, indicating exhaustion in the short-termselling pressures.
The Global Macro Pulse
EM Asia FX was the main mover today, led by a surprise 85pip fall in the USDCNY fix to 6.1623, its lowest level in over two weeks.
UBS Morning Adviser
Does recent China manufacturing PMI suggest the mini-stimulus is working? This past Tuesday’s release of final May HSBC Manufacturing PMI reached a 4-month high.
Daily Market Technicals
The sharp move lower was aggressively reversed overnight with the EUR/USD closing above the 200-DMA in the process and easing bearish pressure but falling short of the 21-DMA.
FX Daily
The US job report will be the main focus today. We expect an increase in non-farmpayrolls of 250,000 but see risk of a pay-back from the extra strong April figure.
USD/JPY Analysis
The pair opened at Y102.40 this morning and then spent the early hours of the morning trading sideways in a narrow Y102.37 to Y102.46 range,
FX Daily Majors
Today’s highlights: EURUSD continues to trade sideways in a tight range but we remain bearish for a break of key price support at 1.3586.